Week ahead: FTSE traders eye Shell and BT results as Bank of England prepares for another rate hike January 29, 2023 London traders are gearing up for a big week of corporate results, with UK giants Shell, BT Group, Glencore, GSK and Vodafone Group updating markets. Shell is due to announce their final results for 2022 on Thursday and are expected to post record profits as oil giants continue to benefit from the global energy boom. [...]
Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]
Week in Review January 27, 2023 Well, we’re at the end of another exciting week of trading with the Dollar flat, stocks higher, oil slightly relatively subdued and treasuries lower. Interesting week as yields push higher and the S&P looks set for a gain, which recently has not been the expected outcome of that sequence of events. After a positive end [...]
US economy races ahead of UK despite Federal Reserve crushing Americans with rate hikes January 26, 2023 The US economy is growing much faster than expected despite the Federal Reserve piling pressure on Americans with aggressive interest rate hikes to tame inflation, official figures out today show. Stateside gross domestic product (GDP) climbed 2.9 per cent over the three months to December, better than the 2.6 per cent growth pencilled in by [...]
Revealed: Chelsea owner’s plans to pump money into women’s tennis – and why some insiders are alarmed January 25, 2023 Billionaire part-owner of Chelsea Mark Walter is the US businessman in talks with the International Tennis Federation over a controversial proposal to bring private investment to the Billie Jean King Cup, City A.M. has learned. We revealed yesterday that the ITF is close to agreeing a major new partnership with a US group to promote [...]
Billie Jean King Cup lined up for private investment as International Tennis Federation is accused of risking another Kosmos Davis Cup $3bn fiasco January 24, 2023 The International Tennis Federation is in talks with private investors over a major new partnership to revamp the Billie Jean King Cup just weeks after the embarrassing demise of a similar deal for the Davis Cup, City A.M. can reveal. And the move has sparked serious concerns, with some insiders demanding greater transparency and scrutiny [...]
Speaker of Russia’s state Duma threatens West saying supplying Ukraine with more powerful arms risks ‘global catastrophe’ January 23, 2023 The speaker of Russia’s parliament warned that countries supplying Ukraine with more powerful weapons risked their own destruction. The message followed Ukraine’s supporters pledging billions of pounds in military aid to the country on Friday, including armoured vehicles, air defence systems and other equipment, but not including the battle tanks Kyiv had requested. State Duma [...]
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
Copper prices set to surge this year as China reopens January 22, 2023 Copper prices could boom this year, with China loosening its stringent zero-Covid policies – boosting demand for the orange metal.
Markets Wrap January 20, 2023 Another eventful week of trading comes to a close, and we end the week quite differently to how we started it. Last week we saw solid upside in stocks with no real fundamental driver, as banks kicked off the Q4 earnings season and the US posted a relatively strong Michigan consumer sentiment figure. The theme [...]